Stop loss ka importance?

[aruna]

Many new traders get attracted to forex through various forex forums as they are not only great source of learning but also of making trading capital which can be used for trading as well . So a trader needs to make sure they post and trade with that capital and learn at the same time .

---------- Post added at 12:43 PM ---------- Previous post was at 12:37 PM ----------

Many new traders get attracted to forex through various forex forums as they are not only great source of learning but also of making trading capital which can be used for trading as well . So a trader needs to make sure they post and trade with that capital and learn at the same time .

[sgoythale]

There are many brokers who promote contests for the traders where we can participate in them and test our skills and see where we stand in our trading and at the same time we stand a chance to win some prize money if we win the contest .

[manish]

Agar aap dhyan se analysis karenge to payenge GBPJPY ek bahut behatareen pair hai aur agar iski study sahi ki jaaye aur right direction mein trading ki jaaye to yeh sabse zyada move karta hai aur aapko sabse zyada profits dila sakta hai. Yeh ek bahut acha pair hai

[aruna]

Other investments does not require your time but forex does so one needs to decide their goals and targets and returns they expect from forex and then spend time towards forex accordingly only .

[manish]

The more the risks are , the higher the losses are or profits in demo account , so we need to make sure that we try to minimize our risks and losses and trade without emotions and make sure we suffer less losses and eventually make higher profits from our trades .

[aruna]

Anybody can not be a good trader and one needs to have abilities to be able to identify their mistakes and work on them and correct them and then only they can become a good trader in the near future .

[sgoythale]

Yes I agree that GBPUSD also has some good movements but also EURUSD has similar movements and on certain days more movements as well so I think both these pairs are very good to trade in

[aruna]

demo although it is very important, it can't learn us everything, we don't get our experience from trading demo when we lose, because we know that we are not losing real money so we don't care unlike real account losing money can make us learn from our mistakes in order to prevent more losses in the future

---------- Post added 09-24-2012 at 12:35 PM ---------- Previous post was 09-23-2012 at 06:15 PM ----------

In demo account the money is virtual so traders do not trade with emotions and manage to make profits but things are entirely different in real account with real money so it is always advised to trade and practice seriously in demo account and achieve consistent profits before trading in real account .

[manish]

Gold is not paired with anything and is traded as a single commodity and hence its movements are too fast and also it can move in both the directions so one has chance to make good money in gold and losses can be high too .
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[sgoythale]

It is important for a trader to be in good spirit while trading to perform profitable trades and if a trader is in low spirits then the best thing is to stay away from trading and not risk their money at all. Once they are able to manage their emotions well they can always come back and trade again